*🛑Bitcoin Price Surges Ahead of Trump's Speech*🤝🙂$BTC
- *Bitcoin Price*: Bitcoin's price has surged, breaking $67,000 ahead of Donald Trump's speech at the Bitcoin 2024 conference in Nashville, Tennessee ¹. The price even reached over $69,000 .
- *Trump's Speech*: Trump's speech is scheduled for 2 p.m. CT on July 27, and it's expected to be "historic" ¹. The event has created hype, with some speculating that Trump might announce a U.S. bitcoin strategic reserve if re-elected .
- *Market Impact*: The surge in bitcoin's price has led to $54 million in liquidated bitcoin positions, and the wider cryptocurrency market has been hit by over $200 million in liquidations .
- *Trump's Shift in Stance*: Trump has previously expressed disapproval of bitcoin, calling it a "scam" in 2021 ¹. However, he has recently rebranded himself as the "crypto president" and has been accepting donations in virtual tokens .
- *Conference Significance*: The Bitcoin 2024 conference is significant, with Trump's appearance marking a pivotal moment for the crypto industry ⁴. The event has also seen other notable attendees, including Democratic Reps. Wiley Nickel and Ro Khanna .